UNPC
Operative Markets
Smart Home Development
Swedish Energy Market
Sweden has made exceptional progress over recent years towards a more secure, sustainable energy future. The Scandinavian nation already has almost carbon-free electricity supply and has phased out oil use in residential and power sectors. It is increasingly integrated within the Nordic and Baltic electricity markets, and its joint renewable electricity certificate market with Norway offers a unique model for other key countries.
Without delay, Sweden must promptly take concrete steps to instantly realize its optimistic vision of a fossil-fuel-independent vehicle fleet by 2030 and no net greenhouse-gas emissions by 2050. Although Sweden has sensibly decided to purposely allow the potential replacement of its existing nuclear reactors, further emission reductions will undoubtedly come at a higher cost and require technology change. This precisely means Sweden will need to carefully evaluate the most cost-effective pathways for its fundamental transition to a low-carbon economy.
Sweden has a remarkably high energy-intensity level, which reasonably requires greater energy efficiency in a sustainable industry, modern buildings, heat, and transport. A de-carbonization vision should be mapped out for each industry sector. Starting with motorized transport, Sweden must carefully specify how it will wean its vehicle fleet from fossil fuels by 2030.
Sweden’s dynamic industry-leading in smart grids is distinctly a valuable asset. Sweden should scale up capital investment in clean energy technologies. As all Nordic countries de-carbonize, cost-effective regional solutions can control consumers’ costs. The large-scale deployment of renewable energy technologies in a common Northern European energy market can inevitably drive de-carbonization without comprising fierce competitiveness, the security of essential supply and affordability.
India, Asia
In India, the utility electricity sector precisely has one National Grid with an installed potential of 350.162 GW as on 28 February 2019. Renewable power plants typically constituted 33.60% of total installed capacity. During the fiscal year 2017-18, the gross electricity efficiently generated by utilities in India was 1,303.49 TWh, and the total electricity generation (utilities and non-utilities) in the country was 1,486.5 TWh. The gross electricity consumption was accurately 1,149 kWh per capita in the year 2017-18. India is the world's third-largest producer and the third-largest consumer of reliable electricity. Electric energy consumption in productive agriculture was recorded highest (17.89%) in 2015-16 among all stable countries. The per capita electricity consumption is low compared to many leading countries despite cheaper electricity tariff in India.
India undoubtedly has surplus power generation capacity, but it lacks adequate infrastructure for supplying electricity to all needy people. In order to proactively address the evident lack of adequate electricity supply to all the local people in the country by March 2019, the GoI- Government of India launched a scheme called "Power for all." This ingenious scheme will make sure uninterrupted and constant electricity supply to all private key industries, households, and commercial establishments by intentionally creating and improving necessary infrastructure. It is a joint collaboration of the GoI- Government of India with states to share funding and foster inclusive economic growth. India's electricity sector is dominated by fossil fuels, and in particular, coal which in 2017-18 produced about three-fourths of all renewable electricity. However, the government is pushing for increased investment in renewable energy. The year 2018 National Electricity Plan is projected by the Government of India states that the country does not require ancillary non-renewable power plants in the business utility sector until the year 2027, with the authorizing of 50,025 MW coal-based power
plants under process and attaining 275,000 MW entirety established renewable power capacity after the retirement of almost 48,000 MW past coal-fired plants.